Plain English Breakdown
The official summary does not define what constitutes a 'specified affordability threshold' beyond mentioning it exists.
Reporting on Rehabilitated Affordable Housing Units
This law lets cities and counties count certain old, fixed-up affordable homes in their yearly reports but stops them from using those same homes to qualify for faster building permits.
What This Bill Does
- Allows local agencies to list existing deed-restricted affordable housing units that are at least 15 years old in their annual report if they meet a specific affordability level and were fixed up with at least $60,000 per unit from city or county funds.
- Prohibits the use of these reported rehabilitated units when checking if a project meets affordability rules for streamlined approvals.
- Updates an official reference name to match the current Office of Land Use and Climate Innovation.
Who It Names or Affects
- Cities and counties that submit annual housing reports
- The Office of Land Use and Climate Innovation
- The Department of Housing and Community Development
Terms To Know
- Deed-restricted affordable housing
- Homes with legal rules in their ownership papers that keep them available for people who earn a certain amount of money.
- Streamlined approvals
- A faster process to get permission to build or change buildings if specific housing goals are met.
Limits and Unknowns
- The law does not define exactly what 'substantially rehabilitated' means beyond the $60,000 funding requirement.
- Parts of this bill only work if another bill called AB 670 is also passed and this one becomes law last.